Sunny Balwani, a former executive at Theranos, was convicted on federal fraud and conspiracy charges on Thursday stemming from his leadership of the Silicon Valley start-up that crashed spectacularly.
and conspiracy in January for misleading investors and patients about the technology used in blood-testing equipment.
Unlike Holmes, who testified for days in her criminal trial, Balwani never took the witness stand. Holmes' defense had argued that Theranos' allegedly innovative technology was a failure, but not an example of corporate fraud. Balwani's team took a different approach, arguing that the US government didn't have data showing the accuracy of Theranos' tests.
Balwani, wearing a dark suit and tie, showed no obvious reaction while the verdict was read. His brother was seated in the courtroom two rows behind him. The company had touted its technology as a game-changer in the world of biotech, but the devices didn't work.Reporters Mark Sayre and Evan Sernoffsky contributed
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